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Thread Statistics | Show CCP posts - 0 post(s) |
ZDub 303
TeamPlayers Negative-Feedback
2382
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Posted - 2014.03.24 15:26:00 -
[211] - Quote
Sent Dust ISK and an eve mail. |
Gyn Wallace
OSG Planetary Operations Covert Intervention
81
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Posted - 2014.03.24 16:42:00 -
[212] - Quote
ZDub 303 wrote:Sent Dust ISK and an eve mail.
Hi ZDub,
Please confirm the identity of your Eve Character to receive the exchanged isk, either here or via evemail. Only the character who pays me can name their alt, who will ultimately receive the exchanged isk.
This prevents, for example, someone's brother who also plays Dust or Eve, from learning of a planned transaction and impersonating the correct recipient.
Thank you, -Gyn Wallace/Min Lo |
ZDub 303
TeamPlayers Negative-Feedback
2384
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Posted - 2014.03.24 18:51:00 -
[213] - Quote
Gyn Wallace wrote:ZDub 303 wrote:Sent Dust ISK and an eve mail. Hi ZDub, Please confirm the identity of your Eve Character to receive the exchanged isk, either here or via evemail. Only the character who pays me can name their alt, who will ultimately receive the exchanged isk. This prevents, for example, someone's brother who also plays Dust or Eve, from learning of a planned transaction and impersonating the correct recipient. Thank you, -Gyn Wallace/Min Lo
Sorry for the confusion! All sorted out now though.
+1 for this exchange, went relatively smooth and painlessly and lightning fast. Will probably do this again once i've burned all my ISK up here in space |
Damocles Leones
Caldari Naval Special Warfare Command
1
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Posted - 2014.03.25 17:47:00 -
[214] - Quote
What is the current rate from Eve to Dust? If I send 1.2 Billion eve isk, what would I get in Dust? |
Gyn Wallace
OSG Planetary Operations Covert Intervention
82
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Posted - 2014.03.26 12:54:00 -
[215] - Quote
Damocles Leones wrote:What is the current rate from Eve to Dust? If I send 1.2 Billion eve isk, what would I get in Dust?
100M Dust isk.
Your Eve character would send the 1.2B Eve isk to Min Lo, along with an eve mail naming you as the recipient of the 100M Dust isk.
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Jaghen Hagharr
BLACK-GUARD Die Fremdenlegion
13
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Posted - 2014.03.28 11:47:00 -
[216] - Quote
Again. :-)
Eve Isk 2,000,000,000 Bil send from Ichi Mijamoto ( Eve ) to Min Lo to receive Dust Isk for Char Jaghen Hagharr ( Dust ).
Thanks again.
"You're not afraid of the dark, are you?"
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SPARTAN 4848
Nova Corps Marines Ishuk-Raata Enforcement Directive
0
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Posted - 2014.03.29 09:28:00 -
[217] - Quote
this looks interesting i am willing to do exchange on daily basis but before that i need 2 talk 2 u in some way some will send u a mail next time im on dust and on eve till then keep-up the good work
FOR THE STATE
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Dalmont Legrand
346
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Posted - 2014.03.29 12:08:00 -
[218] - Quote
This is a complete uncontrolled robbery, from where is this exchange rate came from?
The best is yet to come
CPM1 Fabulous Candidate
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Gyn Wallace
OSG Planetary Operations Covert Intervention
90
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Posted - 2014.03.29 13:20:00 -
[219] - Quote
Dalmont Legrand wrote:This is a complete uncontrolled robbery, from where is this exchange rate came from?
Well, if you start at the beginning of the thread, you can sort of see exactly from where the exchange rate came, i.e. the volume of exchanges in each direction. The customers determine the exchange rate by virtue of how much isk they want to move from one game to the other.
If demand for Dust isk rises, and more customers exchange Eve isk for Dust isk, than the other way around, my pile of Dust isk shrinks, and the rate of exchange becomes better and better for Dust to Eve exchanges, and worse and worse for continued Eve to Dust exchanges.
Once the exchange has more than 5B Dust isk stockpiled, the rates will return to 1:5 Dust to Eve, and 10:1 Eve to Dust. But that's not happening very quickly. Eve to Dust purchases tend to be larger, though less frequent. If they outpace Dust to Eve exchanges, the rate will shift closer to 1:6 Dust to Eve, and 13:1 or 14:1 Eve to Dust.
Its a market. The customers drive the prices.
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Gyn Wallace
OSG Planetary Operations Covert Intervention
90
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Posted - 2014.03.29 13:24:00 -
[220] - Quote
SPARTAN 4848 wrote:this looks interesting i am willing to do exchange on daily basis but before that i need 2 talk 2 u in some way some will send u a mail next time im on dust and on eve till then keep-up the good work
Sure, if you add Gyn Wallace and Min Lo to your contact list and watch list, you should be able to catch me online. I've added you to Min Lo's watch list. Shoot me a conversation/chat channel invite if you'd like to speak in person.
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AetherFall
Crux Special Tasks Group Gallente Federation
6
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Posted - 2014.03.31 15:31:00 -
[221] - Quote
Min Lo is 100% trustworthy. A friend vouched for him. I sent 600M EVE isk without contacting him first and received 50M Dust isk within a day.
Thanks for the quick transfer. More transfers to come. |
Gyn Wallace
OSG Planetary Operations Covert Intervention
95
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Posted - 2014.03.31 23:19:00 -
[222] - Quote
AetherFall wrote:Min Lo is 100% trustworthy. A friend vouched for him. I sent 600M EVE isk without contacting him first and received 50M Dust isk within a day.
Thanks for the quick transfer. More transfers to come.
Thank you, AetherFall.
For everyone, please note that the rates have changed. The Dust to Eve rate has gotten better; 1 to 6. People who had already contacted me recently about Eve to Dust exchanges may complete them at the old rate of 12 to 1.
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Gyn Wallace
OSG Planetary Operations Covert Intervention
96
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Posted - 2014.04.04 16:37:00 -
[223] - Quote
So the exchange is getting to be more and more like a job than a fun experiment. I've spread the rates for exchanges more than I'd ever planned, in part to diminish the amount of time I spend reading and responding to evemails. So I have a question for the customers.
Would you prefer to see the current spread (which is 1 to 6 for Dust to Eve transfers, and 14 to 1 for Eve to Dust transfers) or a tighter spread with a higher minimum transaction limit?
Both are reasonable mechanisms to minimize the amount of time I spend maintaining the exchange. The current method still let's people interested in small exchanges participate. The potentially tighter spread, with a bigger minimum transaction limit would require those people to save up isk, to do a smaller number of larger exchanges, but at a better rate. I'm sure the big transaction customers would welcome a tighter spread, but I'd rather not make this change without feedback from the customers who've made this a successful experiment, or the potential customers who might sustain it until that some-day-Soon (TM) when CCP finally builds an official exchange.
The potential new rates would look something like:
Quote: 250M Dust isk buys, 1.45B Eve isk, or 500M Dust isk buys 3.5B Eve isk, or 1B Dust isk buys 7B Eve isk.
If the above pile of Eve isk is sold (without being replenished by transfers in the opposite direction, then the ratio will shift closer to ~1 to 6:
and
Quote: For the opposite direction of isk transfers, 1.5B Eve isk buys 130M Dust isk, or 5B Eve isk buys 450M Dust isk, or 10B Eve isk buys 900M Dust isk.
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Flint Beastgood III
GunFall Mobilization
547
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Posted - 2014.04.05 08:20:00 -
[224] - Quote
Gyn Wallace wrote:The potential new rates would look something like: Quote: 250M Dust isk buys, 1.45B Eve isk, or 500M Dust isk buys 3.5B Eve isk, or 1B Dust isk buys 7B Eve isk.
If the above pile of Eve isk is sold (without being replenished by transfers in the opposite direction, then the ratio will shift closer to ~1 to 6:
and Quote: For the opposite direction of isk transfers, 1.5B Eve isk buys 130M Dust isk, or 5B Eve isk buys 450M Dust isk, or 10B Eve isk buys 900M Dust isk.
Opposed.
Gÿó +¦ +¦ Gÿó
Trained Skills
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Gyn Wallace
OSG Planetary Operations Covert Intervention
98
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Posted - 2014.04.08 05:04:00 -
[225] - Quote
Amount available for Dust to Eve transfers updated; rates for Eve to Dust transfers updated (returning to 12 to 1). |
Gyn Wallace
OSG Planetary Operations Covert Intervention
98
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Posted - 2014.04.09 13:55:00 -
[226] - Quote
Rates updated again; a single customer purchased a big chunk of Eve isk, improving the rates for Eve to Dust transfers and worsening the rates for Dust to Eve transfers.
This is an exception to the usual pattern of many small transfers from Dust to Eve, and infrequent but large transfers from Eve to Dust. Apologies to anyone surprised by the rates shifting so suddenly. If you were already in discussions with me for a Dust to Eve transfer, or were a recent repeat customer, I can complete those transfers at the 1:6 rate, but wanted to quickly publish this updated rate for any new business after these immanent transfers are completed. |
MAZIO VENTUROLI
Algintal Core Gallente Federation
9
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Posted - 2014.04.11 22:40:00 -
[227] - Quote
very quick transfer, would use again, Thank you |
Gyn Wallace
OSG Planetary Operations Covert Intervention
98
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Posted - 2014.04.21 13:15:00 -
[228] - Quote
Thank you.
Also rates and availability updated. |
Gyn Wallace
OSG Planetary Operations Covert Intervention
102
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Posted - 2014.04.29 13:02:00 -
[229] - Quote
Rates and availability update. |
Gyn Wallace
OSG Planetary Operations Covert Intervention
102
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Posted - 2014.05.02 22:50:00 -
[230] - Quote
Hi everybody,
Given Project Legion's potential to undermine Dust514's future and connection to Eve Online, I have to ask the community what the rates should be now. I understand that lots of people might be interested in transferring their isk out of Dust, but who is still interested in transferring isk into Dust? If I continue to sell my Eve isk for Dust isk, helping other to exchange their Dust isk into Eve, will there be any traffic in the opposite direction?
So I'm open to suggestions and offers. I'm not officially closing the exchange today. Instead, I'm once again asking all of you to help me come of with a reasonable rate of exchange and spread.
Thanks, -Gyn Wallace/Min Lo |
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ratamaq doc
Onslaught Inc RISE of LEGION
609
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Posted - 2014.05.02 23:29:00 -
[231] - Quote
Gyn Wallace wrote:Hi everybody,
Given Project Legion's potential to undermine Dust514's future and connection to Eve Online, I have to ask the community what the rates should be now. I understand that lots of people might be interested in transferring their isk out of Dust, but who is still interested in transferring isk into Dust? If I continue to sell my Eve isk for Dust isk, helping other to exchange their Dust isk into Eve, will there be any traffic in the opposite direction?
So I'm open to suggestions and offers. I'm not officially closing the exchange today. Instead, I'm once again asking all of you to help me come of with a reasonable rate of exchange and spread.
Thanks, -Gyn Wallace/Min Lo
At least now we know why Kain shut his service down, a few months ago, when they coincidentally started EVEL development.
YouTube
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Gyn Wallace
OSG Planetary Operations Covert Intervention
102
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Posted - 2014.05.03 02:14:00 -
[232] - Quote
ratamaq doc wrote:At least now we know why Kain shut his service down, a few months ago, when they coincidentally started EVEL development.
I don't know, that doesn't seem consistent with the rumors I've heard about his role in building the big blue donut. Why put any effort into Dust514 if he knew it had no future. I'm still not really sure Dust has no future. Much of the current forum rage seems like a bit of an overreaction. I might still throw a few billion Eve isk at buying Dust isk, at drastically less favorable rates, given the slight impression CCP's given us about the portability of our Dust assets to Legion.
I guess I could offer a sort of Dutch auction for an Eve plex worth of Eve isk (700M Eve isk) to see if anyone wants to pay 7B Dust isk for it, today, and start lowering the Dust isk price by 100M a day until somebody takes it. Maybe some alliance leaders who want to cash out will take me up on it. I don't know. I'm open to suggestions. I might be willing to acquire 20 or 30B Dust isk at the cost of 2 or 3B Eve isk hoping for something like a 1 in 10 chance that we'll get some sort of asset transfer option from Dust to Legion.
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ZDub 303
TeamPlayers Dirt Nap Squad.
2681
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Posted - 2014.05.03 02:19:00 -
[233] - Quote
I would probably hold out and pause the exchange for now until we know more. Most of the over reaction comes from a complete lack of information.
Depending on your eve wallet though, now would be a good time to buy dust isk if you want to gamble on some speculation :D
'#PCMasterRace
5/2/2014 - Best day in Dust's history
Thank you CCP Rouge.
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Gyn Wallace
OSG Planetary Operations Covert Intervention
103
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Posted - 2014.05.03 18:47:00 -
[234] - Quote
I'm soliciting offers. Is anyone still interested in converting their isk between games? Make me a reasonable offer. I'd like to post some small batch prices to begin seeing where the market goes, now that CCP appears to have countered some of the inferences people were drawing from the Dust keynote. |
Patrick57
Fatal Absolution
7337
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Posted - 2014.05.03 18:50:00 -
[235] - Quote
Gyn Wallace wrote:12M Dust isk buys 600M Eve isk That is, if you have a spare 12M Dust isk, I'll accept it, and deliver 600M Eve isk to your Eve character, from Min Lo, my Eve-side alt. Is this still an offer?
If not, what can 30 million DUST ISK buy me in EVE ISK?
"We're not good at keeping secrets at CCP" -CCP Rouge
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Pushing Charlie
0
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Posted - 2014.05.03 23:25:00 -
[236] - Quote
Willing to do a transfer if this is still on. What would 100mil get me?
(Knight Soiaire)
Knight Soiaire
Fatal Absolution
Trying to be Clutch, yo
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Flint Beastgood III
GunFall Mobilization
569
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Posted - 2014.05.03 23:27:00 -
[237] - Quote
Patrick57 wrote:Gyn Wallace wrote:12M Dust isk buys 600M Eve isk That is, if you have a spare 12M Dust isk, I'll accept it, and deliver 600M Eve isk to your Eve character, from Min Lo, my Eve-side alt. Is this still an offer? If not, what can 30 million DUST ISK buy me in EVE ISK?
LOOOOOOOOOOOOOOOOOL, bit late there mate. Those rates went out the window early on in this service!
Gÿó +¦ +¦ Gÿó
Trained Skills
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Flint Beastgood III
GunFall Mobilization
569
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Posted - 2014.05.03 23:30:00 -
[238] - Quote
Gyn Wallace wrote:ratamaq doc wrote:At least now we know why Kain shut his service down, a few months ago, when they coincidentally started EVEL development. I don't know, that doesn't seem consistent with the rumors I've heard about his role in building the big blue donut. Why put any effort into Dust514 if he knew it had no future. I'm still not really sure Dust has no future. Much of the current forum rage seems like a bit of an overreaction. I might still throw a few billion Eve isk at buying Dust isk, at drastically less favorable rates, given the slight impression CCP's given us about the portability of our Dust assets to Legion. I guess I could offer a sort of Dutch auction for an Eve plex worth of Eve isk (700M Eve isk) to see if anyone wants to pay 7B Dust isk for it, today, and start lowering the Dust isk price by 100M a day until somebody takes it. Maybe some alliance leaders who want to cash out will take me up on it. I don't know. I'm open to suggestions. I might be willing to acquire 20 or 30B Dust isk at the cost of 2 or 3B Eve isk hoping for something like a 1 in 10 chance that we'll get some sort of asset transfer option from Dust to Legion.
I already quit transfering my ISK from DUST to EVE since I rarely even played EVE and was just skilling up my character. These rates wouldn't change my position, but rather cement it.
Gÿó +¦ +¦ Gÿó
Trained Skills
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Patrick57
Fatal Absolution
7340
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Posted - 2014.05.04 00:52:00 -
[239] - Quote
Flint Beastgood III wrote:LOOOOOOOOOOOOOOOOOL, bit late there mate. Those rates went out the window early on in this service! Aw dammit. :( I have plenty of ISK left, even after buying all my Tanks, Proto gear, and Pythons, so I just want as much as I can get for Eve.
"We're not good at keeping secrets at CCP" -CCP Rouge
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Gyn Wallace
OSG Planetary Operations Covert Intervention
103
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Posted - 2014.05.04 14:03:00 -
[240] - Quote
Well, here's what I'm thinking:
I'd like to continue operating the exchange, but that partially depends upon the willingness of Eve players to continue transferring isk into Dust. I'm sure that seems farfetched to some, but the ratio is important. We've already seen discussions (I think earlier in this very thread) where people lamented that the exchange rate wasn't 1:1. We've wondered how CCP could issue enough Dust isk to get closer to parity. Well this announcement seems to have devalued Dust isk, without having to issue 6 or 7 times as much Dust isk.
Would any Eve players be willing to exchange 600M Eve isk into 600M Dust isk? or something close to that ratio? Would Dust players still be interested in grinding out Dust isk (at a slower rate than many Eve players can make Eve isk) in order to transfer it into Eve at something near a 1:1 ratio?
The entire idea of a market is middlemen matching up customers. How low a ratio would you tolerate for transferring your Dust isk to Eve? Remember that you need a ratio that is attractive enough for an Eve player to accept the traffic in the opposite direction.
Which leads me to re-initiate the price discovery phase of the exchange. I'm going to spend some of my isk, figuring out whether people (still) want this service.
So the first ballpark numbers that come to me. I expect no one will accept these offers, but it gives us a starting place from which to adjust and hopefully discover new workable prices.
I'll offer 10 to 1 for Dust to Eve. 100M Dust isk buys you 10M Eve isk. 10B Dust isk buys you 1B Eve isk. I'll offer 1B Eve isk for sale at this ratio. If no one bites, I'll adjust that to 9:1.
As for the opposite direction, I've got 5B Dust isk in stock. I'll immediately begin adjusting the old 10:1 Eve to dust ratio down to 6:1. 600M Eve isk buys 100M Dust isk. If no one bites, I'll adjust that down to 5.5 to 1.
The exchange is still open.
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